The AES Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component The AES Corp (NYSE:AES) will unveil its latest earnings on Friday, November 4, 2011. AES is a global generator and distributor of electrical power. Its two primary types of businesses are generation and utilities. The former owns and operates power plants from which the company generates power to sell to wholesale customers; the latter owns and operates facilities to transmit and sell electricity to residential and commercial customers. .

The AES Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 24 cents per share, a rise of 20% from the company’s actual earnings for the same quarter a year ago. Analysts are projecting profit to rise by 9.6% versus last year to $1.03.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of 28 cents per share, and the previous quarter, it had profit of 29 cents.

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Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the second quarter, profit rose 20.8% to $174 million (22 cents a share) from $144 million (18 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13% to $4.54 billion from $4.02 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 3.7% in the first quarter from the year earlier, climbed 29.2% in the fourth quarter of the last fiscal year from the year-ago quarter and 8.2% in the third quarter of the last fiscal year.

Competitors to Watch: DPL Inc. (NYSE:DPL), NRG Energy, Inc. (NYSE:NRG), Constellation Energy Group, Inc. (NYSE:CEG), Companhia Energetica Minas Gerais (NYSE:CIG), Dynegy Inc. (NYSE:DYN), Enersis S.A. (NYSE:ENI), EDENOR S.A. (NYSE:EDN), Duke Energy Corporation (NYSE:DUK), Intl. Power plc (IPRPY), and Empresa Nacional de Electricidad (NYSE:EOC).

Stock Price Performance: During October 3, 2011 to October 31, 2011, the stock price had risen $1.78 (18.9%) from $9.44 to $11.22. The stock price saw one of its best stretches over the last year between October 17, 2011 and October 24, 2011 when shares rose for six-straight days, rising 9.6% (+98 cents) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine-straight days, falling 16.5% (-$2.13) over that span. Shares are down 96 cents (-7.9%) year to date.

(Source: Xignite Financials)

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